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Elgi Equipments Limited

ELGIEQUIP.BO Technical Analysis Summary (BSE)

Analyze ELGIEQUIP.BO on the BSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

ELGIEQUIP.BO●BSE
IndustrialsIndustrial - Machinery
₹609.05
₹15.55(2.62%)
Indian Market opens in 11h 8m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

ELGIEQUIP.BO Technical Analysis Summary (BSE)

Elgi Equipments Limited (BSE: ELGIEQUIP.BO) stock currently shows a neutral trend on the BSE, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 48.41)
Trend Strength:Weak (ADX: 19.14)
Volatility:Medium (ATR: 20.72)
Support/Resistance:$592.06 – $648.47 (Bollinger Bands)

Technical conditions suggest Elgi Equipments Limited on the BSE is awaiting a decisive move. Technical conditions suggest Elgi Equipments Limited is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 48.41

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 17.62

Bullish
Oversold zone signals rebound potential.

Williams %R: -68.19

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -3.17

Bearish
Selling pressure outweighs buying.

Takeaway:Elgi Equipments Limited shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: 0.94

Bullish
Bullish, trend momentum is strengthening.

ADX: 19.14

Weak
Weak trend, market trading sideways.

ATR (14): 20.72

Rising
Rising volatility, market activity increasing.

CCI (14): -97.59

Bearish
Bearish, momentum remains under pressure.

Takeaway:Elgi Equipments Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$648.47
Middle Band (SMA 20)
$620.26
Lower Band
$592.06
Current Position
Within Bands

Takeaway:Elgi Equipments Limited trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$656.06
Middle Line (EMA 20)
$614.62
Lower Channel
$573.19
Squeeze Status
Squeeze On

Takeaway:Elgi Equipments Limited trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-349.33K
Money Flow Index81.21Bearish risk, overbought conditions may trigger pullback.
Relative Vigor Index36.53Bearish, price momentum favors sellers.

Overall Takeaway:ELGIEQUIP.BO shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Elgi Equipments Limited (BSE: ELGIEQUIP.BO), here are the key trading signals and recommendations:

Bullish Signals

MACD above 0 → bullish trend confirmation.

Bearish Signals

MACD below signal line → short-term caution on momentum.

MFI above 80 → overbought conditions may limit upside.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Elgi Equipments Limited are mixed, suggesting a Hold or wait-and-see approach.

(BSE: ELGIEQUIP.BO) Technical Analysis FAQ